Liberty Global (NASDAQ:LILAK) Stock: Insider Brian Zook Sells 27,611 Shares

Key Points

• Insider Brian Zook sold 27,611 shares at an average price of $9.95, worth about $274,729, reducing his stake by 80.21% to 6,813 shares.
• Liberty Global reported a quarterly loss of $0.42 per share, missing the $0.01 loss analysts expected; revenue of $1.12 billion also came in below estimates.
• Analyst sentiment is cautious: the stock has a consensus “Reduce” rating and a $10 average price target, while shares recently traded at $9.86.

Liberty Global PLC (NASDAQ:LILAK - Get Free Report) CAO Brian Zook sold 27,611 shares of the company's stock in a transaction dated Wednesday, November 11th. The shares were sold at an average price of $9.95, for a total transaction of $274,729.45. Following the transaction, the chief accounting officer owned 6,813 shares in the company, valued at $67,789.35. This represents a 80.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

Liberty Global Price Performance

Shares of LILAK traded up $0.09 during trading hours on Friday, hitting $9.86. The stock had a trading volume of 3,422,817 shares, compared to its average volume of 1,268,720. The firm has a 50 day simple moving average of $8.55 and a 200-day simple moving average of $8.10. The firm has a market capitalization of $1.93 billion, a P/E ratio of -10.60 and a beta of 0.75. Liberty Global PLC has a 1-year low of $4.76 and a 1-year high of $10.42.

Liberty Global (NASDAQ:LILAK - Get Free Report) last posted its quarterly earnings results on Wednesday, November 4th. The company reported ($0.42) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.41). The firm had revenue of $1.12 billion for the quarter, compared to analyst estimates of $1.14 billion. Liberty Global had a negative return on equity of 8.50% and a negative net margin of 3.86%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on LILAK shares. UBS Group initiated coverage on Liberty Global in a research report on Thursday, September 3rd. They set a "neutral" rating and a $9.00 target price on the stock. Citigroup lifted their price target on shares of Liberty Global from $9.00 to $11.00 and gave the company a "neutral" rating in a research report on Thursday. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Liberty Global in a research report on Thursday, October 15th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $10.00.

Institutional Investors Weigh In On Liberty Global

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Rubric Capital Management LP lifted its position in Liberty Global by 44.5% in the 1st quarter. Rubric Capital Management LP now owns 15,395,430 shares of the company's stock valued at $135,788,000 after acquiring an additional 4,738,495 shares in the last quarter. First Trust Advisors LP increased its holdings in Liberty Global by 119.4% during the 3rd quarter. First Trust Advisors LP now owns 266,968 shares of the company's stock worth $2,194,000 after purchasing an additional 145,311 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Liberty Global by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 9,687,133 shares of the company's stock worth $85,439,000 after purchasing an additional 129,952 shares during the last quarter. Bank of America Corp DE raised its stake in shares of Liberty Global by 26.7% in the first quarter. Bank of America Corp DE now owns 467,627 shares of the company's stock worth $4,124,000 after purchasing an additional 98,507 shares during the last quarter. Finally, Landscape Capital Management L.L.C. purchased a new stake in shares of Liberty Global in the third quarter worth approximately $763,000. Institutional investors and hedge funds own 52.98% of the company's stock.

Liberty Global Company Profile

Liberty Global plc is an international telecommunications and media company that provides broadband, mobile, television and related digital services through operating companies and joint ventures. Its businesses serve customers in several European markets, including the United Kingdom, Belgium, the Netherlands and Switzerland. Its operations include Virgin Media O2 in the UK, a joint venture with Telefónica; VodafoneZiggo in the Netherlands, also a joint venture; and businesses such as Telenet in Belgium and Sunrise in Switzerland.

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